Online fraud is conducted electronically through your computer. It can be accomplished through acts known as phishing and pharming, or through spyware and viruses.
Phishing is a type of online fraud that allows criminals to gain access to your personal information through your computer. By posing as individuals or organizations you know, trust and have relationships with, "phishers" seek to obtain your computer passwords, credit card numbers or bank account information so they can use them fraudulently.
Pharming occurs when Web traffic is redirected away from one site and over to an identical-looking, criminal site.
Spyware are dangerous programs that attack your computer and gather personal information without your knowledge. Viruses may alter or destroy important information on your computer.